About your Search

20120723
20120723
Search Results 0 to 0 of about 1
of a plaus for the human anus. then, then that libor rate is used to set interest rates everywhere on earth. well, of course not everywhere. just places that use money. i believe emperor penguins on the roth ice shelf are not affected. now here's the wrinkle. the banks that determine libor also employ traders who make bets on what that rate will be. they're not supposed to talk to each other but you'll never guess what happened. >> traders at banks like barclays were essentially conspiring to fudge the data to boost their own trading profit. so one part of barclays would say to another part of barclays you can please submit data that makes us-- that either is high hooer or lower than it really is in order to boost our profits. >> stephen: now personally i don't see anything wrong with some work buddies doing each other a solid. you know the old saying, you scratch my back, i make the global financial system your bitch. it's all detailed it in e-mails between barclays traders and rate setters like please go for 5.36 libor again. very important that the setting comes as high as possible. than
Search Results 0 to 0 of about 1